ICICI Prudential MF launches Constant Maturity Gilt Fund

Written By Unknown on Senin, 25 Agustus 2014 | 20.07

ICICI Prudential Mutual Fund launches ICICI Prudential Constant Maturity Gilt Fund, an open ended income fund with the objective to provide reasonable returns by investing in portfolio of government securities with average maturity of around 10 years.

ICICI Prudential Mutual Fund has launched a new scheme as ICICI Prudential Constant Maturity Gilt Fund, a open ended income fund. The investment objective of the scheme is to provide reasonable returns by investing in portfolio of government securities with average maturity of around 10 years.

The new fund offer (NFO) will be open for subscription from August 25 to September 01, 2014. The face value of the new issue will be Rs 10 per unit.

The scheme offers Regular and Direct Plan with growth and dividend option with dividend payout & dividend re-investment (monthly, quarterly, half yearly and annual frequency).

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The entry load is not applicable or the scheme, while exit load of 0.25% for redemptions within 1 month from the date of allotment.

The scheme would invest 95% to 100% of assets in government securities and invest upto 5% pf assets in CBLO, reverse repo in government securities, cash & cash equivalent. Investment in derivatives can be upto 50% of the Net Assets of the scheme.

The benchmark Index for the scheme is CRISIL 10 year Gilt Index.

The scheme will be managed by Rahul Goswami.


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